SoFi Technologies Unveils New Banking Platform With SoFiUSD

By Yahya Raza Sherazi | Edited By Ammar Raza,April 3, 2026, 5:04 AM

SoFi Technologies has introduced a new service called Big Business Banking. This service offers a new system for businesses. SoFi’s Big Business Banking service brings together traditional banking and cryptocurrency transactions in a single system.

According to a report, the platform offers high-capacity deposit accounts via a nationally chartered bank. It allows for 24/7 real-time payments via API integrations. 

Businesses can make payments in USD, SoFi USD, and cryptocurrency. This eliminates the need for businesses to deal with multiple financial service providers.

Also Read: SoFi Partners With BitGo to Advance Distribution of SoFi USD Stablecoin

SoFi Technologies Expands Beyond Banking Limits

Anthony Noto, the Chief Executive Officer, said that the new platform fills a gap in traditional banking systems. He noted that traditional banks have fixed working hours. 

He added that global businesses need constant access to payments and liquidity. The new system is meant to meet these demands.

The platform features instant “mint and burn” options between dollars and SoFiUSD. This enables users to easily convert between fiat and stable assets. The reserves for the stablecoin are stored in an FDIC-insured bank. This is beneficial for regulatory purposes.

The launch is based on the company’s prior expansion into digital assets. SoFi previously launched crypto trading services for retail investors. It also launched its own stablecoin in December 2025. These steps form the foundation for the new institutional banking product.

Some of the institutions that have partnered with the platform during the early stages include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, and Galaxy Digital. Additional institutions include Jupiter, Mesh Payments, and Mastercard.

SoFi Uses Solana for Settlements

Solana shared the update on its official X account, noting that SoFi Technologies, a nationally chartered bank with more than 13.7 million members and over $50 billion in assets, is now using its blockchain to support enterprise fiat and stablecoin operations.

This integration is a continuation of a previous milestone. In February 2026, SoFi Technologies launched direct on-chain deposits for retail users on Solana. This is a move towards greater adoption of blockchain technology. The current platform extends this for institutional users.

The Solana network offers high transaction volume capacity and low fees. These are attractive features for a real-time payment system. The platform leverages these for continuous settlement. This is in line with the concept of continuous financial operations.

This launch places SoFi Technologies as a bridge between traditional banking and digital asset systems. SoFi USD is fully backed by cash-equivalent assets and is issued on public blockchains. This allows institutions to access regulated liquidity and programmable transactions.

The partnership with Mastercard extends payment services for institutions. This can be used for applications such as card settlements and international payments. This is part of a wider trend for regulated banks to use blockchain technology.

Also Read: Cardano Foundation Fuels Growth While ADA Struggles Below Key EMAs